Evernest Financial Advisors LLC Has $2.61 Million Stock Holdings in Kingstone Companies, Inc $KINS

Evernest Financial Advisors LLC cut its holdings in Kingstone Companies, Inc (NASDAQ:KINS) by 22.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 164,175 shares of the insurance provider’s stock after selling 47,515 shares during the quarter. Evernest Financial Advisors LLC’s holdings in Kingstone Companies were worth $2,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in Kingstone Companies by 8.0% in the fourth quarter. Deutsche Bank AG now owns 10,738 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 797 shares during the period. First Trust Advisors LP increased its position in Kingstone Companies by 2.5% in the fourth quarter. First Trust Advisors LP now owns 37,121 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 915 shares during the period. State Street Corp increased its position in Kingstone Companies by 0.6% in the fourth quarter. State Street Corp now owns 160,604 shares of the insurance provider’s stock worth $2,703,000 after purchasing an additional 932 shares during the period. BNP Paribas Financial Markets increased its position in Kingstone Companies by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 2,287 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 1,017 shares during the period. Finally, NewEdge Advisors LLC increased its position in Kingstone Companies by 9.2% in the first quarter. NewEdge Advisors LLC now owns 17,220 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 1,448 shares during the period. 14.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KINS shares. Wall Street Zen lowered Kingstone Companies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kingstone Companies has a consensus rating of “Hold”.

Kingstone Companies Trading Up 2.2%

NASDAQ:KINS opened at $16.23 on Friday. Kingstone Companies, Inc has a fifty-two week low of $13.08 and a fifty-two week high of $19.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $235.01 million, a PE ratio of 7.55 and a beta of 0.46. The business’s 50-day simple moving average is $15.88 and its 200-day simple moving average is $15.83.

Kingstone Companies (NASDAQ:KINS) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. The business had revenue of $59.78 million for the quarter, compared to the consensus estimate of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Sell-side analysts expect that Kingstone Companies, Inc will post 2.6 earnings per share for the current fiscal year.

Kingstone Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 11th. Kingstone Companies’s payout ratio is 9.30%.

Kingstone Companies announced that its board has approved a stock buyback plan on Tuesday, May 19th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the insurance provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Kingstone Companies news, Director William L. Yankus sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $18.00, for a total value of $243,000.00. Following the sale, the director owned 84,972 shares in the company, valued at approximately $1,529,496. The trade was a 13.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Newgarden bought 15,301 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $14.52 per share, for a total transaction of $222,170.52. Following the purchase, the director directly owned 70,165 shares in the company, valued at approximately $1,018,795.80. This represents a 27.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 44,502 shares of company stock worth $653,377 in the last quarter. 5.10% of the stock is currently owned by company insiders.

Kingstone Companies Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.